Get started
Boyd Gaming CorporationBoyd Gaming CorporationBoyd Gaming Corporation

Boyd Gaming Corporation

No trades
See on Supercharts
Overview Financials News
Ideas
Discussions Technicals Forecast Seasonals Bonds

BYD trade ideas

$BYD - Keep playing slots$BYD Peak resistance: @22.88 Watching for bounce back @ $19.64 Entry: $19.64 Stop loss: $17.64 Limit sell: 21.07 Notes: This particular casino stock is up 57% in 9 days. In the words of Jerome Powell: A healthy correction is needed. Waiting that RSI is now over 70 (overbought zone) I understand that boyd casinos are opening on June 4th. these a possibility it can go either way depending on the narrative. Also keep in mind... any news of a second wave of 'Rona sends all casino stocks back into a black hole. If you want to play casino stocks possibly look at $BLK to diversify.
NYSE:BYD
by IMF_Trading
The Big Short are US Casino OperatorsUS Casinos stocks are about to make 2008 look like a correction. Let me explain: US culture is not European culture, nor is it Asian culture. This is why I don't want to touch casino operators that derive most of their revenue from Macau, like Las Vegas Sands (70% of revenue is generated in Macau). Asians are comfortable wearing masks and do not have high rates of obesity, which is one of the worst things if you're infected with the COVID-19 virus. I am American, originally from NYC. I currently live in Spain. There are major differences in how rules are followed, and how policy is established. I won't get into my opinion on how Americans don't like being told what they can and cannot do, particularly rules established by the government, but there is a huge contrast when compared to countries in Europe or Asia. I am confident masks will not be the norm anytime soon, particularly in the "red states" where US casinos established their properties. Red states have incredibly high rates of obesity. If the virus plagues these states in waves over the next 6 - 12+ months (like experts believe it will), I think death rates will likely be higher in these regions. As death rates start rising, more local casino visitors will be a lot more careful on the type of entertainment they decide to seek out. This is the year where gambling is crossed off the entertainment list for everyone. Could you imagine being dumb enough to be older than 60 years old and going to a casino right now to play slots? Who plays slots? THE MAJORITY OF SLOT PLAYERS ARE OLDER THAN 55 YEARS OLD (according to a study done at Harvard) & slot machine revenue accounts for approximately 50% OF ALL GAMING REVENUES ON THE LAS VEGAS STRIP and 75% of ALL REVENUE in metropolitan and regional casinos. Ask yourself this question - if you were older than 60 years old, would you risk being infected to probably lose money at the slot machines? The economy has absolutely ZERO chance of bouncing back quickly, especially in states where technology is not their strong suit. Let's talk about farmers for a bit. Grain prices are getting crushed. In my opinion, we are on the verge of a deflationary spiral. US producers are in trouble if prices continue to break down. We are traders. We know the prices of agricultural commodities. Look. Out. Below. I don't know what percentage of farmers are gambling at any of the properties owned by Boyd Gaming, but I do know all of their properties are in states where agricultural farming is one of the most important industries in the state. Older farmers with thin margins are not likely to be their customers. Let's take a deeper dive into the geographic diversification of Boyd Gaming. Here are the properties they own: Properties: LAS VEGAS >30% obesity rate Aliante The Orleans Gold Coast Suncoast Sam's Town Eastside Cannery Cannery California Fremont Main Street Station Jokers Wild Eldorado ILLINOIS >30% obesity rate Par-A-Dice INDIANA Blue Chip Belterra IOWA >35% obesity rate Diamond Jo Dubuque Diamond Jo Worth KANSAS >30% obesity rate Kansas Star LOUISIANA >35% obesity rate Amelia Belle Delta Downs Evangeline Downs Sam's Town Shreveport Treasure Chest MISSISSIPPI >35% obesity rate Sam's Town Tunica IP Biloxi MISSOURI >35% obesity rate Ameristar St. Charles Ameristar Kansas City OHIO >30% obesity rate Belterra Park PENNSYLVANIA >30% obesity rate Valley Forge Now that I've given my basic economic argument on why I think US casino operators are in danger, let's confirm that with some charts: Finally, here is my analysis on BYD 3 years ago. I was a bull. Timing is everything. I am a technical trader, so no matter how logical this whole story is, the foundation of my strategy rests on the price action working in my favor. Know your stops based on the charts, not the story. Till next time.
NYSE:BYDShort
by Lanmar
$BYD can fall in the next daysContextual immersion trading strategy idea. Boyd Gaming Corporation has a strong downside trend. Due to the downside market trend and spread of the COVID-19, the demand for casino services fell. This and other conditions can cause a fall in the share price in the next days. So I opened a short position from $8,79; stop-loss — $9,71. Information about take-profits will be later. Do not view this idea as a recommendation for trading or investing. It is published only to introduce my own vision. Always do your own analysis before making deals. When you use any materials, do not rely on blind trust. You should remember that isolated deals do not give systematic profit, so trade/invest using a developed strategy. If you like my content, you can subscribe to the news and receive my fresh ideas. Thanks for being with me!
NYSE:BYDShort
by KozakHlib
3
Roll the dice on Boyd Gaming Corp.Opportunities for sports betting in the USA is a compelling reason to have a look at NYSE:BYD , it also has a very diversified revenue stream in a sector which has been in recovery mode of late. We think that there is opportunity for a long short term trade in the stock with a break above the 100ma as our trigger. AVERAGE ANALYSTS PRICE TARGET $35 AVERAGE ANALYSTS RECOMMENDATION Buy P/E RATIO 24 SHORT INTEREST 9% COMPANY PROFILE Boyd Gaming Corp. engages in the management and operation of gaming and entertainment properties. It operates through the following segments: Las Vegas Locals, Downtown Las Vegas, and Midwest & South. The Las Vegas Locals segment consists of casinons that serve the resident population of the Las Vegas metropolitan area. The Downtown Las Vegas segment comprises of the following casinos: California Hotel and Casino, Fremont Hotel and Casino, and Main Street Station Casino, Brewery and Hotel. The Midwest & South segment operates land-based casinos, dockside riverboat casinos, racinos, and barge-based casinos in the Midwest and southern United States. Its portfolio includes hotels, casino, breweries, resorts, and spa. The company was founded by William Samuel Boyd and Sam Boyd on January 1, 1975 and is headquartered in Las Vegas, NV.
NYSE:BYDLong
by RedHotStocks